Redfern calls for clear government strategy

Nov. 1, 2012
Pete Redfern, Taylor Wimpey's chief executive, has called upon government for a clear housebuilding strategy over the next five years, rather than "a long list of initiatives".<br> <br> Speaking at Housebuilder's Housing Market Intelligence conference in London on October 3, Redfern speculated on what the new homes sector would look like in 2017 and set out a list of priorities for industry.<br> <br> Chief amongst these was for the government to be clear in its strategy for the industry, but he also called on central help for young people to save money and for consistent standards for developers throughout the country. "Local authorities set different standards which increases cost, complexity and risk," he said.<br> <br> He said that housebuilders themselves could also be more strategic, should invest more in people and needed to engage better with communities.<br> <br> "There is an opportunity for community engagement to lead to a healthier industry in five years' time," he said.<br> <br> Speaking later at the conference, Stephen Noakes, Lloyds Banking Group's mortgage director, seconded Redfern's view that young people needed encouragement to save. He added that NewBuy currently accounted for 10% of Lloyds' new build lending, with interest rates now decreasing. "But the …

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